Market Overview:
The global plastic bonded NdFeB magnets market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for plastic bonded NdFeB magnets from various applications, such as synchronous motors, stepper motors, steering control motors, actuators and magnetic bearings. In addition, the growing demand for these magnets from the Asia Pacific region is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing these magnets may restrain the growth of this market during the forecast period.
Product Definition:
A Plastic Bonded NdFeB Magnet is a type of rare earth magnet that is made by bonding NdFeB magnets to a plastic or metal backing. These magnets are used in a variety of applications, including motors, speakers, and medical devices.
Injection Molding:
Injection molding is a process of converting an injection molded part into a finished component. It involves melting the plastic and metal powders together to form a liquid mixture which is then injected into molds of desired shapes to obtain the final product. The advantages associated with this process are high production speed, ability to produce complex parts, and capability for producing components in large quantities.
Extrusion Molding:
Extrusion molding is a process of creating three-dimensional objects from plastic material. It is also known as profile extrusion or profile molding and it uses heat and pressure to convert liquid plastic into desired shape. The process has wide applications in the manufacturing of automotive components, consumer goods, medical devices, etc.
Application Insights:
The application segment is segregated into synchronous motors, step motors, actuators, and others. In 2017, the actuators segment dominated the global market with a share of over 60% in terms of revenue. The growth can be attributed to increasing demand for high precision industrial robots across various industries such as automotive and medical which require low cost but highly efficient solutions.
Synchronous motor is one of the most widely used magnetic bearings owing to its characteristics such as low power consumption and compact design which makes it suitable for applications where space is limited or at a premium.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030. The growth of the region can be attributed to rapid industrialization, increasing foreign investments in various sectors including manufacturing and energy, and favorable government policies promoting domestic production in key economies such as China, India, Japan.
The growing automotive industry coupled with rising demand for consumer electronics is likely to drive product demand over the forecast period. In addition, rising construction spending along with increasing military & defense budget in countries such as China and South Korea are anticipated to propel NdFeB magnet application scope over the next eight years.
Growth Factors:
- Increasing demand from end-use industries: The increasing demand for Plastic Bonded NdFeB Magnets from the end-use industries is one of the key growth drivers for this market.
- Growing popularity of electric vehicles: The growing popularity of electric vehicles is another major factor that is expected to drive the growth of this market in the coming years.
- Rising investments in research and development: The rising investments in research and development by leading players operating in this market is another key factor that is expected to fuel its growth over the forecast period.
- Growing awareness about energy efficiency: There has been a growing awareness about energy efficiency among consumers, which is likely to boost the demand for Plastic Bonded NdFeB Magnets over the forecast period. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Bonded NdFeB Magnets Market Research Report
By Type
Injection Molding, Extrusion Molding, Compaction Molding
By Application
Synchronous Motors, Stepper Motors, Steering Control Motors, Actuators, Magnetic Bearings, Other
By Companies
Goudsmit Magnetics, Daido Electronics, BOMATEC, Bunting, Magnequench, Mate, Yunsheng, Zhong Ke San Huan, Sintex, Goudsmit Magnetics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Bonded NdFeB Magnets Market Report Segments:
The global Plastic Bonded NdFeB Magnets market is segmented on the basis of:
Types
Injection Molding, Extrusion Molding, Compaction Molding
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Synchronous Motors, Stepper Motors, Steering Control Motors, Actuators, Magnetic Bearings, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Goudsmit Magnetics
- Daido Electronics
- BOMATEC
- Bunting
- Magnequench
- Mate
- Yunsheng
- Zhong Ke San Huan
- Sintex
- Goudsmit Magnetics
Highlights of The Plastic Bonded NdFeB Magnets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Injection Molding
- Extrusion Molding
- Compaction Molding
- By Application:
- Synchronous Motors
- Stepper Motors
- Steering Control Motors
- Actuators
- Magnetic Bearings
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Bonded NdFeB Magnets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic bonded neodymium magnets are made by bonding a thin layer of plastic to the outside of a neodymium magnet. This makes them much more durable and less likely to break.
Some of the key players operating in the plastic bonded ndfeb magnets market are Goudsmit Magnetics, Daido Electronics, BOMATEC, Bunting, Magnequench, Mate, Yunsheng, Zhong Ke San Huan, Sintex, Goudsmit Magnetics.
The plastic bonded ndfeb magnets market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Bonded NdFeB Magnets Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plastic Bonded NdFeB Magnets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastic Bonded NdFeB Magnets Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plastic Bonded NdFeB Magnets Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plastic Bonded NdFeB Magnets Market Size & Forecast, 2018-2028
4.5.1 Plastic Bonded NdFeB Magnets Market Size and Y-o-Y Growth
4.5.2 Plastic Bonded NdFeB Magnets Market Absolute $ Opportunity
Chapter 5 Global Plastic Bonded NdFeB Magnets Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plastic Bonded NdFeB Magnets Market Size Forecast by Type
5.2.1 Injection Molding
5.2.2 Extrusion Molding
5.2.3 Compaction Molding
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plastic Bonded NdFeB Magnets Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plastic Bonded NdFeB Magnets Market Size Forecast by Applications
6.2.1 Synchronous Motors
6.2.2 Stepper Motors
6.2.3 Steering Control Motors
6.2.4 Actuators
6.2.5 Magnetic Bearings
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Bonded NdFeB Magnets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plastic Bonded NdFeB Magnets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plastic Bonded NdFeB Magnets Analysis and Forecast
9.1 Introduction
9.2 North America Plastic Bonded NdFeB Magnets Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plastic Bonded NdFeB Magnets Market Size Forecast by Type
9.6.1 Injection Molding
9.6.2 Extrusion Molding
9.6.3 Compaction Molding
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plastic Bonded NdFeB Magnets Market Size Forecast by Applications
9.10.1 Synchronous Motors
9.10.2 Stepper Motors
9.10.3 Steering Control Motors
9.10.4 Actuators
9.10.5 Magnetic Bearings
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plastic Bonded NdFeB Magnets Analysis and Forecast
10.1 Introduction
10.2 Europe Plastic Bonded NdFeB Magnets Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plastic Bonded NdFeB Magnets Market Size Forecast by Type
10.6.1 Injection Molding
10.6.2 Extrusion Molding
10.6.3 Compaction Molding
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plastic Bonded NdFeB Magnets Market Size Forecast by Applications
10.10.1 Synchronous Motors
10.10.2 Stepper Motors
10.10.3 Steering Control Motors
10.10.4 Actuators
10.10.5 Magnetic Bearings
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plastic Bonded NdFeB Magnets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plastic Bonded NdFeB Magnets Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plastic Bonded NdFeB Magnets Market Size Forecast by Type
11.6.1 Injection Molding
11.6.2 Extrusion Molding
11.6.3 Compaction Molding
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plastic Bonded NdFeB Magnets Market Size Forecast by Applications
11.10.1 Synchronous Motors
11.10.2 Stepper Motors
11.10.3 Steering Control Motors
11.10.4 Actuators
11.10.5 Magnetic Bearings
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plastic Bonded NdFeB Magnets Analysis and Forecast
12.1 Introduction
12.2 Latin America Plastic Bonded NdFeB Magnets Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plastic Bonded NdFeB Magnets Market Size Forecast by Type
12.6.1 Injection Molding
12.6.2 Extrusion Molding
12.6.3 Compaction Molding
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plastic Bonded NdFeB Magnets Market Size Forecast by Applications
12.10.1 Synchronous Motors
12.10.2 Stepper Motors
12.10.3 Steering Control Motors
12.10.4 Actuators
12.10.5 Magnetic Bearings
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plastic Bonded NdFeB Magnets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plastic Bonded NdFeB Magnets Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plastic Bonded NdFeB Magnets Market Size Forecast by Type
13.6.1 Injection Molding
13.6.2 Extrusion Molding
13.6.3 Compaction Molding
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plastic Bonded NdFeB Magnets Market Size Forecast by Applications
13.10.1 Synchronous Motors
13.10.2 Stepper Motors
13.10.3 Steering Control Motors
13.10.4 Actuators
13.10.5 Magnetic Bearings
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plastic Bonded NdFeB Magnets Market: Competitive Dashboard
14.2 Global Plastic Bonded NdFeB Magnets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Goudsmit Magnetics
14.3.2 Daido Electronics
14.3.3 BOMATEC
14.3.4 Bunting
14.3.5 Magnequench
14.3.6 Mate
14.3.7 Yunsheng
14.3.8 Zhong Ke San Huan
14.3.9 Sintex
14.3.10 Goudsmit Magnetics
